Land and Building for auction Parula Purba Medinipur 43 lakh Punjab National Bank

This offering is for a prime piece of Land and Building located in P.S. Manishda, Purba Medinipur, West Bengal. The property is categorized as Residential and is being auctioned under the SARFAESI Act by Punjab National Bank. Previously associated with M/s. Maa Basanti Mini Rice, this asset presents a significant opportunity in a developing region. Its location in Purba Medinipur offers potential for both personal use and investment, given the area's growing economic activity. The property type, Land and Building, suggests a versatile scope for future development or utilization.

Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in P.S. Manishda, Purba Medinipur, West Bengal. The auction will take place on 26-11-2025, with bidding open from 11:30 AM to 03:30 PM. The reserve price for this residential asset is set at INR 42,75,000, and the Earnest Money Deposit (EMD) required to participate is INR 4,27,500. This is a valuable opportunity to acquire a property in a key location, guided by the terms of the SARFAESI Act. Interested parties are advised to review all auction terms and conditions prior to bidding.

The property presents a calculated opportunity due to its location and land size, but potential investors should conduct thorough due diligence. The reserve price appears reasonable; however, the symbolic possession status warrants caution and detailed inspection is advisable before bidding.